Ceres Power (LON:CWR) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Posted by Latisha Jones on Feb 8th, 2025

Ceres Power Holdings plc (LON:CWR – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 190.86 ($2.37) and traded as low as GBX 146.20 ($1.81). Ceres Power shares last traded at GBX 146.20 ($1.81), with a volume of 336,952 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 650 ($8.06) price objective on shares of Ceres Power in a report on Wednesday, January 29th.

View Our Latest Stock Analysis on Ceres Power

Ceres Power Stock Down 0.8 %

The company has a fifty day simple moving average of GBX 164.11 and a 200 day simple moving average of GBX 190.48. The company has a quick ratio of 12.18, a current ratio of 6.48 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of £280.66 million, a P/E ratio of -690.48 and a beta of 1.60.

Insider Buying and Selling at Ceres Power

In other news, insider Stuart Paynter bought 7,151 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of GBX 139 ($1.72) per share, with a total value of £9,939.89 ($12,330.84). Also, insider Dame Julia King acquired 30,200 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were purchased at an average cost of GBX 165 ($2.05) per share, with a total value of £49,830 ($61,816.15). Company insiders own 40.29% of the company’s stock.

About Ceres Power

(Get Free Report)

Ceres is a leading developer of clean energy technology: electrolysis for the creation of green hydrogen and fuel
cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world’s largest companies, such as Bosch, Doosan, Delta and Weichai. Ceres’ solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels.